Pharma’s Rising Star: Sudeep Pharma’s ₹895 Cr IPO Fully Subscribed on Day One

Updated: November 21, 2025 14:58

Image Source: Groww

Sudeep Pharma's ₹895 crore IPO saw full subscription on the first day of bidding, reflecting robust demand across investor categories. The company plans to leverage fresh capital for capacity expansion, highlighting strong market confidence in its specialty pharmaceutical ingredients business.

Sudeep Pharma Limited, a leading manufacturer of pharmaceutical excipients and specialty nutrition ingredients, has successfully achieved full subscription for its ₹895 crore initial public offering (IPO) on Day 1 of bidding. The IPO opened on November 21, 2025, and by mid-day attracted bids exceeding the total issue size, demonstrating strong interest from investors.

This maiden public issue comprises both a fresh issue amounting to ₹95 crore and an Offer for Sale (OFS) aggregating around ₹800 crore. The price band was fixed between ₹563 and ₹593 per equity share, with a minimum lot size of 25 shares.

Investor enthusiasm was evident with Non-Institutional Investors (NII) surpassing their reserved quota by 131 percent and retail investors achieving a subscription level of 77 percent early on. The participation from Qualified Institutional Buyers (QIB) is still expected to rise over the remaining subscription period. The strong grey market premium further underscores investor confidence.

Sudeep Pharma intends to deploy ₹75.81 crore from the fresh issue proceeds toward capital expenditure, primarily for machinery acquisition at its Nandesari Facility in Gujarat, aimed at boosting production capacity. The remaining funds will support general corporate purposes.

The subscription window remains open until November 25, 2025, with allotment expected by November 26 and the listing planned on the NSE and BSE by November 28, 2025.

Notable Updates:

- IPO fully subscribed on Day 1, reflecting robust demand.

- Total issue size: ₹895 crore (₹95 cr fresh issue + ₹800 cr OFS).

- Price band set between ₹563 - ₹593 per share.

- Strong subscription by Non-Institutional Investors (131%).

- Retail investor subscription already at 77%.

- Fresh issue proceeds to fund capacity expansion at Nandesari Facility.

- Listing expected on NSE and BSE by November 28, 2025.

Source references: Market Data from NSE India, Moneycontrol, The Hindu Business Line, Economic Times

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